Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC boosted its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 118.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,751,540 shares of the company’s stock after purchasing an additional 949,290 shares during the period. TimesSquare Capital Management LLC’s holdings in Clearwater Analytics were worth $35,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Clearwater Analytics by 13.8% in the 3rd quarter. Vanguard Group Inc. now owns 9,450,888 shares of the company’s stock worth $182,780,000 after buying an additional 1,148,338 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of Clearwater Analytics by 0.8% in the fourth quarter. Conestoga Capital Advisors LLC now owns 6,426,367 shares of the company’s stock worth $128,720,000 after purchasing an additional 49,805 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Clearwater Analytics by 0.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,933,075 shares of the company’s stock valued at $114,746,000 after purchasing an additional 30,771 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Clearwater Analytics by 65.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,387,928 shares of the company’s stock valued at $67,860,000 after purchasing an additional 1,335,802 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Clearwater Analytics by 2.4% in the third quarter. Invesco Ltd. now owns 1,735,327 shares of the company’s stock worth $33,561,000 after purchasing an additional 40,665 shares during the period. 50.10% of the stock is currently owned by institutional investors.

Insider Activity at Clearwater Analytics

In related news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $16.90, for a total value of $274,625,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Clearwater Analytics news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $16.90, for a total transaction of $274,625,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James S. Cox sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $19.74, for a total value of $197,400.00. Following the completion of the sale, the chief financial officer now directly owns 148,711 shares in the company, valued at $2,935,555.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,310,000 shares of company stock valued at $275,809,400. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on CWAN shares. Piper Sandler restated a “neutral” rating and set a $20.00 price target on shares of Clearwater Analytics in a research report on Thursday, February 29th. Morgan Stanley reaffirmed an “equal weight” rating and set a $19.00 price target on shares of Clearwater Analytics in a research note on Thursday, May 2nd. JPMorgan Chase & Co. dropped their price objective on Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. DA Davidson restated a “buy” rating and issued a $24.00 price objective on shares of Clearwater Analytics in a report on Monday, February 5th. Finally, Wells Fargo & Company cut their price target on shares of Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.70.

Clearwater Analytics Stock Up 2.2 %

Shares of NYSE CWAN traded up $0.40 during mid-day trading on Wednesday, reaching $18.05. The company had a trading volume of 876,621 shares, compared to its average volume of 1,224,315. The stock has a market capitalization of $4.42 billion, a PE ratio of -225.56, a price-to-earnings-growth ratio of 7.85 and a beta of 0.50. Clearwater Analytics Holdings, Inc. has a twelve month low of $14.47 and a twelve month high of $21.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.59 and a current ratio of 5.59. The stock’s 50 day moving average is $16.89 and its 200-day moving average is $18.64.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $102.70 million during the quarter, compared to the consensus estimate of $100.55 million. Clearwater Analytics had a positive return on equity of 1.25% and a negative net margin of 3.90%. The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period last year, the business earned $0.07 EPS. As a group, equities analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.11 earnings per share for the current fiscal year.

Clearwater Analytics Profile

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.